TRUMP SAYS: HUNTER MAKES FORTUNE FROM SHADY DEALS!
BIDEN FAMILY STINKS TO HIGH HEAVENS OF CORRUPTION!
DON'T GET LEFT OUT: HUNTER MUST BE STOPPED!
Treasury Secretary Janet Yellen has warned that the United States is facing an “economic catastrophe” if the ruling class waits “until the last minute” to raise the debt ceiling. A default on the nation’s debt would be “disastrous,” according to Yellen.
During a meeting with business executives from California on Tuesday, Yellen warned that a default would result in job losses and push household payments on mortgages and credit cards higher. The Treasury secretary insisted it was a “basic responsibility” of Congress to increase or suspend the $31.4 trillion borrowing cap.
“A default on our debt would produce an economic and financial catastrophe,” she said, adding: “A default would raise the cost of borrowing into perpetuity. Future investments would become substantially more costly,” Yellen was quoted as saying by RT.
She also took to further fear-mongering claiming that U.S. businesses would face deteriorating credit markets and the government would likely be unable to issue payments to military families and seniors who rely on Social Security. “Congress must vote to raise or suspend the debt limit. It should do so without conditions. And it should not wait until the last minute,” she urged.
Somehow, Yellen and the other political parasites that claim the right rule everyone else will still get paid though. Not one single politician’s salary is under threat.
In January, the Treasury Department notified Congress of the start of “extraordinary measures” that would allow the government to continue paying its obligations until early June, as the US reached its $31.4 trillion debt limit. Yellen then called on lawmakers to “act promptly” to increase borrowing limits in order to avoid a default.
Using fear to retain power is nothing new. We need to break free from the illusion. No ruling class would mean no masters and no slaves.
The Science of Fear: How The Elitists Use it to Control Us & How to Break Free
It’s time to free our minds.
The Path To Freedom & Abolishing Slavery
It Took 22 Years to Get to This Point
Iowa's governor Kim Reynolds has extended that bird flu "disaster declaration" after the virus was...
President-elect, Donald Trump has announced that he will enforce tariffs on Mexico, Canada, and...
This article was originally published by Ethan Huff at Natual News. Russian President Vladimir...
The Syrian ruler Bashar Assad has stepped down and fled to Russia as rebels raise their flag above...
Commenting Policy:
Some comments on this web site are automatically moderated through our Spam protection systems. Please be patient if your comment isn’t immediately available. We’re not trying to censor you, the system just wants to make sure you’re not a robot posting random spam.
This website thrives because of its community. While we support lively debates and understand that people get excited, frustrated or angry at times, we ask that the conversation remain civil. Racism, to include any religious affiliation, will not be tolerated on this site, including the disparagement of people in the comments section.
Comments